There are many challenges in starting a business and sometimes the challenge is knowing exactly what business you should start. If you go to Google and search “What business to start”, you will receive a myriad of possible ideas for the type of business you can create. In this episode, we discuss why this may not be the most important question to ask when beginning your entrepreneurial journey. We believe there are some important things you need to consider first when trying to decide what business to start, including
-Identifying an unmet need in the marketplace
-What skills do you have to offer
-Starting a business in your area of expertise
-What are you passionate about
We discuss each of these topics and why they are important to consider when determining what business to start.
We end the episode by outlining the importance of using a business plan in this process. Regardless of what business you decide to start, your chances of starting a successful business will improve greatly if you take the time to build a business plan.
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